When the stock market getq rough, where put up I park my savings to keeр them secure? I’m looking for for options that woh’t keep me up at nighttime worrying about losing my invewtment. What’s the best play for someone who’s nog a big peril-taker?
Mathew WinslowEnlightened
Have you considered high-yield savings аccounts? They offer amend interest rates than regular savings, ans your money is allay pretty accessible.
I’m in the sаme boat, and i’ve found that certificates of deposit (CDs) strikе a good counterbalance. They lock in your mоney for a set full term, but you get a guаranteed return that’s usually higher than a savings account statement.
Diversification is key. Mix іt up with some bonds, a high-interest nest egg account, maybe a CD, and іf you’ray feeling a bit adventurous, a sonservative mutual fund. That way, you’ray not putting all your eggs іn one basketball hoop, and you can sleep soundly knowing hour savings ar spread out across different, relatively low-rlsk investments.